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From now on, I will report the verification of candidates for the Secretary of State's Attorney General. The country's candidate announced today that it will donate privately funded private equity and family-run school corporations to society. I didn't want to give criticism, but it came from the heart.

Reporter Jeon Hyung-woo also pointed out the controversy over how to donate.

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The candidate says he will hold an emergency press conference and return his benefits to society.

[Domestic / Ministry of Justice Candidate: My practice came from the heart, not just to avoid the rebuke of the people for a while.]

Cho says he will donate from privately funded families.

[Domestic / Minister of Justice Candidates: donate funds in their own names and their children's names to public interest corporation in accordance with the procedures established by law.]

Also, he said, "Family members, including the mother of Woongdong Institute, will lay down their positions."

Candidate Jo did not say how to make a donation specifically.

There is also controversy. In the case of Woongdong Gakuin, the biggest obstacle is the greater debt than assets.

According to the disclosure, Woongdong Institute's assets totaled 12.7 billion won, and the foundation debt revealed in the judgment exceeded 18 billion won.

In this situation, it will not be easy to find a foundation to cover the debt if you want to pass it to the public interest foundation.

There is also a way to publicize the foundation by handing it over to the state. It is also not easy because Woongdong Institute has to pay off the debt first and return the government subsidy received from the education office.

In the case of a private equity fund in which Cho's family invested 1.5 billion won, he said, “We are in the process of liquidating the fund by recording a negative rate of return”. Look.

In response to Cho's donation announcement, the ruling party made a "decisive decision," and the conservative opposition parties "water ride" and "social return show."

(Video coverage: Bae Munsan, Video editing: Cho Moo-hwan)